Vietnam exports and imports

Vietnam shipped 1.8 million tonnes of petroleum in the January-July period The figures are an increase of 11.7 pct in volume and 41.1 pct in value compared with the same period of last year, according to the Ministry of Industry and Trade (MOIT). Data compiled by the MOIT’s Industry and Trade Information Centre shows that Vietnam’s petroleum exports to other Southeast Asian countries accounted for more than one third of its total petroleum exports. In the first half of 2018, Vietnam shipped 370,600 tonnes worth US$243.7 million to Cambodia, while the volume exported to China was 221,600 tonnes, bringing in US$153.5 million. During the same period, Vietnam exported 77,000 tonnes to Laos, 65,800 tonnes to Malaysia and 59,700 tonnes to the Republic of Korea. On the other hand, Vietnam spent US$4.66 billion on importing 7.07 million tonnes of petroleum in the first six months of 2018, up 11.5 pct annually. Malaysia was the largest provider of petroleum products to Vietnam … [Read more...] about Vietnam exports 1.8 million tonnes of petroleum in first seven months

(VEN) - State support policies to help the agricultural sector promote mechanization and gradually reduce manual labor are expected to enhance productivity and development and reduce post-harvest losses. Farm engineering thriving The government has promulgated various policies to promote agricultural engineering development and the domestic agricultural engineering sector is thriving. Businesses have designed and successfully manufactured various types of machinery for use in agricultural production. Examples include drying machines with capacity of 12-50 tonnes of rice per batch and a rice milling line with capacity of 4-48 tonnes per hour, designed and manufactured by the Bui Van Ngo Industrial and Agricultural Machinery Co., Ltd. Another domestically manufactured innovation is rice sifting machine with capacity of 3-10 tonnes per hour and recovery ratio of 100 percent, designed and manufactured by the SINCO Engineering Joint Stock Company. The Southern Vietnam Engine and … [Read more...] about Vietnam ploughs and sows seeds of prosperity

Chairman of the Mavin Group David John Whitehead speaks at the ceremony to announce the export success in Hanoi on June 25 (Photo: VNA) Hanoi (VNA) – Mavin Group has become the first business in Vietnam to officially export fresh pork to a foreign market when the first batch was shipped to Myanmar, a success of not only the company but also the country’s animal farming sector. Mavin Group, a joint venture of Australia and Vietnam, and Japanese-invested Sojitz Vietnam held a ceremony on June 25 to announce the export success and sign a cooperation agreement. The pork shipment in late May, made in coordination with Sojitz Vietnam, is considered a success of the animal farming sector because this is the first time a company in Vietnam has satisfied another country’s technical and quality requirements to export pork. It is an important channel to bring agricultural products, especially animal products, of Vietnam to global markets. Deputy Minister of Agriculture … [Read more...] about Vietnam exports first batch of fresh pork to foreign market

Vietnam’s exporters must self-verify the origin of their products that they export to the European Union (EU) from 2019 to be qualified for Generalised System of Preferences (GSP). A panagasius production chain at Bien Dong Seafood Co. Ltd in Can Tho City. - VNA/VNS Photo Thanh Liem The GSP is the tariff preference for developing countries. With the aim of integrating further into the global economy, Vietnam has joined many free trade agreements (FTAs) that have the self-certification mechanism of origin. Self-certification of origin is a mandatory requirement of the EU for some countries, including Viet Nam. The Import and Export Agency under the Ministry of Industry and Trade said under the requirement, the responsibility for verifying product origin will be shifted from authorities to enterprises or exporters. Enterprises will have to perform all the steps themselves, meeting the requirements of product origin and be accountable for their accuracy. At the same time, … [Read more...] about Vietnam exporters must self verify origin from 2019

Vietnam exports to China, S.Korea surge in Q1Le Hoang The first quarter of the year has seen Vietnam’s exports to key markets, especially China and South Korea, soaring - PHOTO: LE ANH HCMC – Vietnam’s exports to key markets, especially China and South Korea, have grown sharply in the first quarter of the year, according to a report by the General Statistics Office. In January-March, Vietnam has exported US$54.31 billion worth of goods, up 22% over the same period last year. Of which, domestic firms have contributed US$14.97 billion and foreign direct investment (FDI) enterprises US$39.34 billion including crude oil, up 18.9% and 23.2% respectively. China has spent US$9 billion on imports from Vietnam, up a strong 46% over the first quarter of last year. Revenues from phones and phone parts, vegetables and electronics-computers-accessories shipped to the northern neighbor have surged a staggering 674.4%, 56% and 31.7% respectively. Meanwhile, South Korea has … [Read more...] about Vietnam exports to China, S.Korea surge in Q1